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Started By
Message
Wow! What a day!
Posted on 2/27/20 at 11:45 am
Posted on 2/27/20 at 11:45 am
Holy Cow!
It may be a "falling knife", but we were buyers today.
FB @ $191, BA @ $288, MU @ $50, DIS @ $119, GS @$210, XLK @ $89, ABBV @ $85 ...
It may be a "falling knife", but we were buyers today.
FB @ $191, BA @ $288, MU @ $50, DIS @ $119, GS @$210, XLK @ $89, ABBV @ $85 ...
7
Posted on 2/27/20 at 11:47 am to NC_Tigah
You will be rewarded handsomely tomorrow
Posted on 2/27/20 at 11:56 am to Hussss
quote:We've been rewarded handsomely today, thank you very much.
You will be rewarded handsomely tomorrow
But this is not about where purchases will be tomorrow, rather where they'll be in a year or two.
You'd best stay in your safe space though. Seriously. . . .
This post was edited on 2/27/20 at 12:05 pm
Posted on 2/27/20 at 12:14 pm to NC_Tigah
My “safe space” is in your head. TYVM
Posted on 2/27/20 at 12:19 pm to NC_Tigah
quote:
BA @ $288
Looking at MA and FB today. Not in a rush though.
Posted on 2/27/20 at 12:33 pm to NC_Tigah
quote:
we were buyers today.
FB @ $191, BA @ $288, MU @ $50, DIS @ $119, GS @$210, XLK @ $89, ABBV @ $85 ...
Posted on 2/27/20 at 12:38 pm to NC_Tigah
CNBC ticker has DJIA down 463, also has an article posted 40 min ago saying down just 230 after a rebound.
Just a bit of volatility... lol
Just a bit of volatility... lol
Posted on 2/27/20 at 12:39 pm to wutangfinancial
Yep. Who knows.
But CV headlines put Boeing's gastank debris and news of 737M deployment delays in the rearview mirror. CV-related decline in air travel takes carrier plane shortages off the table at a time BA couldn't fill them anyway. The 737 MAX should return to service mid/late-summer.
We'll see, but $288 seemed to me like a good re-entry point for BA..
But CV headlines put Boeing's gastank debris and news of 737M deployment delays in the rearview mirror. CV-related decline in air travel takes carrier plane shortages off the table at a time BA couldn't fill them anyway. The 737 MAX should return to service mid/late-summer.
We'll see, but $288 seemed to me like a good re-entry point for BA..
Posted on 2/27/20 at 12:45 pm to LSUFanHouston
quote:Down 950, then climbed 700 points. Now back down to -675.
Just a bit of volatility... lol
Posted on 2/27/20 at 12:51 pm to NC_Tigah
I would not be surprised to see the same action tomorrow in the AM.
Posted on 2/27/20 at 12:59 pm to NC_Tigah
quote:
Down 950, then climbed 700 points. Now back down to -675.
Sitting this one out. Didn't really have a lot of cash on the sidelines anyways, and sure AF don't want to sell into this.
Posted on 2/27/20 at 1:09 pm to LSUFanHouston
I am as well. I have some extra cash ready for when I do want to jump in, but I’m still probably going to give it some more time.
Posted on 2/27/20 at 1:34 pm to LSUFanHouston
I am taking some small bites right now
Posted on 2/27/20 at 1:38 pm to GoCrazyAuburn
Don't be like this guy who was waiting on the sidelines to get back into the market.
Posted on 2/27/20 at 1:39 pm to LSUFanHouston
quote:Yep.
Didn't really have a lot of cash on the sidelines anyways
Different situation.
We'd accumulated fairly large cash positions with sales over the past month.
Posted on 2/27/20 at 1:41 pm to NC_Tigah
quote:
We'd accumulated fairly large cash positions with sales over the past month.
It's always fun when someone actually does time the market.
Good deal.
Posted on 2/27/20 at 1:50 pm to tigersfan1989
Nah, planning on giving it through the weekend. I think tomorrow may be down some more, but we'll see. If it gets low enough this afternoon, may pull the trigger.
Posted on 2/27/20 at 1:54 pm to tigersfan1989
quote:I made this four or five years ago and I've posted it multiple times over the years
Don't be like this guy who was waiting on the sidelines to get back into the market.
Posted on 2/27/20 at 1:55 pm to castorinho
Ha maybe that's where I remembered it from then. 
Posted on 2/27/20 at 3:22 pm to LSUFanHouston
quote:"Timing" is not our game. OTOH given this market's trading-range oscillations, our experience is if you don't take profits, they evaporate.
It's always fun when someone actually does time the market.
E.g., Bought BAC at ~$29 late-2018. Sold last month after a 20% run-up. Bought back in at $29 this afternoon. More analysis than trying to time the market. But often end up trading at perimeters of the range.
Our Q4 holdings ran-up across the board. Thumbed the nose at Uncle Sam, so held until Jan to cash out LTCGs. Obviously, did not anticipate this kind of pull back last month.
Looks like things will fall further, so we'll be back at it tomorrow.
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